If Goods a and B Are Complements, and If the Price

question 33

Multiple Choice

If goods A and B are complements, and if the price of good B rises, how will this affect the market equilibrium for good A?

• A) Price will rise and quantity will fall.
• B) ​Price will fall and quantity will rise.
• C) Price and quantity will both rise.
• D) ​Price and quantity will both fall.

---

Definitions:

Enforceable

describes legal agreements or obligations that can be compelled or upheld by law, ensuring compliance or performance by the parties involved.

Instant-Messaging Conversation

A form of real-time communication between two or more people based on typed text over the internet.

Commercial Impracticability

A legal principle that excuses a party from performing under a contract when unforeseen events make fulfillment unreasonably difficult or expensive.

Groundwater Contaminated

Water beneath the earth's surface that has been adversely affected by pollutants, making it unsafe for human consumption or use.